The following schedule relates the income statement with cash flows from operating activities, derived by both the direct and indirect methods. Some elements necessary to complete the schedule are missing.

Required:

Complete the schedule by determining each of the following missing elements: (Amounts to be deducted should be indicated with a minus sign.)

Cash flows from Operating Activities
Income Statement		Indirect Method		Direct Method
		Net income
		Adjustments:
Sales	$432	Decrease in accounts receivable	18	Cash received from customers
Gain on sale of equipment	36	Gain on sale of equipment	(36)	(Not reportedno cash effect)
Cost of goods sold		Increase in inventory	(24)
		Increase in accounts payable	30	Cash paid to suppliers	(186)
Salaries expense	(66)		18	Cash paid to employees	(48)
Depreciation expense	(21)	Depreciation expense	21	Cash paid for depreciation
Interest expense		Decrease in bond discount	8	Cash paid for interest	(21)
Insurance expense	(45)	Decrease in prepaid insurance	21	Cash paid for insurance
Loss on sale of land	(18)	Loss on sale of land	18	(Not reportedno cash effect)
Income tax expense	(51)	Increase in income tax payable		Cash paid for income taxes	(33)
Net Income		Net cash flows from operating activities		Net cash flows from operating activities